Graphic Packaging Holding (NYSE:GPK) has been assigned a consensus rating of “Buy” from the ten research firms that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $16.00.
GPK has been the subject of several analyst reports. UBS Group raised their price objective on shares of Graphic Packaging from $12.50 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. TheStreet raised shares of Graphic Packaging from a “c+” rating to a “b-” rating in a research note on Monday, April 22nd. ValuEngine raised shares of Graphic Packaging from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Citigroup raised their price objective on shares of Graphic Packaging from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Finally, KeyCorp reissued a “hold” rating on shares of Graphic Packaging in a research note on Wednesday, April 24th.
Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in shares of Graphic Packaging by 13.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,956,829 shares of the industrial products company’s stock valued at $63,381,000 after acquiring an additional 713,781 shares during the period. Legal & General Group Plc lifted its position in shares of Graphic Packaging by 3.2% during the 4th quarter. Legal & General Group Plc now owns 259,036 shares of the industrial products company’s stock valued at $2,756,000 after acquiring an additional 7,998 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of Graphic Packaging by 27.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 127,141 shares of the industrial products company’s stock valued at $1,353,000 after acquiring an additional 27,092 shares during the period. Norges Bank bought a new stake in shares of Graphic Packaging during the 4th quarter valued at $40,465,000. Finally, Geode Capital Management LLC lifted its position in shares of Graphic Packaging by 5.8% during the 4th quarter. Geode Capital Management LLC now owns 2,936,526 shares of the industrial products company’s stock worth $31,244,000 after buying an additional 159,835 shares during the last quarter.
NYSE GPK traded up $0.18 during trading on Friday, hitting $12.93. The stock had a trading volume of 156,013 shares, compared to its average volume of 4,658,922. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.70 and a quick ratio of 0.70. The stock has a market cap of $3.84 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 1.18 and a beta of 1.34. Graphic Packaging has a one year low of $10.04 and a one year high of $15.58. The firm’s 50 day moving average price is $14.23.
Graphic Packaging (NYSE:GPK) last announced its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.02. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. Graphic Packaging had a net margin of 4.32% and a return on equity of 12.94%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 earnings per share. On average, sell-side analysts expect that Graphic Packaging will post 0.85 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, October 5th. Stockholders of record on Sunday, September 15th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Thursday, September 12th. Graphic Packaging’s dividend payout ratio (DPR) is presently 37.04%.
About Graphic Packaging
Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, foodservice, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK), coated recycled paperboard (CRB), and solid bleached sulfate paperboard (SBS) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons and cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies.
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